{"id":2036,"date":"2023-11-02T14:11:05","date_gmt":"2023-11-02T14:11:05","guid":{"rendered":"https:\/\/mediaverse-staging6691.website\/ghazzawilawfirm\/?p=2036"},"modified":"2025-05-20T18:17:00","modified_gmt":"2025-05-20T16:17:00","slug":"overview-of-ksa-civil-transaction-law","status":"publish","type":"post","link":"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/overview-of-ksa-civil-transaction-law\/","title":{"rendered":"Overview of KSA Civil Transaction Law"},"content":{"rendered":"<div class=\"et_pb_module et_pb_text et_pb_text_0 et_pb_text_align_left et_pb_bg_layout_light\">\n<div class=\"et_pb_text_inner\">\n<h3><span style=\"color: #000000;\">Overview of KSA Civil Transaction Law<\/span><\/h3>\n<\/div>\n<\/div>\n<div class=\"et_pb_module et_pb_text et_pb_text_1 et_pb_text_align_left et_pb_bg_layout_light\">\n<div class=\"et_pb_text_inner\">\n<p>One of the notable features of the Law is its applicability to incidents, contracts and agreements that were entered before the effective date of the Law with the exception of incidents covered by any statutory provision or judicial principle related to the underlying incident and conflicting with the Law.<br \/>\nAlthough the title indicates \u2018civil transactions\u2019; yet, the Law contains provisions that are meant to regulate both civil and commercial matters insofar as they are not governed by other statuto-ry laws and provisions under the laws covering those transactions. For instance, the Law briefly covers issues related to Memorandum of Association related to companies; however, the provi-sions will not be applicable to companies formed under the Companies Law, 1443 H.2<br \/>\n<a class=\"dldpdfbttncustomcode\" href=\"#download-pdf\" target=\"_blank\">Download the Provisions for Debt Instruments &amp; Financing Sukuk (PDF)<\/a><br \/>\nTo stay aware of these updates, we encourage you to follow us on social media to be informed of when they are posted. If you wish to discuss any of these changes or any impact the New Law may have on you and your business, please reach out to us for assistance.<\/p>\n<p>AlGhazzawi &#038; Partners<br \/>\n\t\t<div data-elementor-type=\"container\" data-elementor-id=\"5425\" class=\"elementor elementor-5425\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1426f03b e-flex e-con-boxed e-con e-parent\" data-id=\"1426f03b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f6ec2e e-con-full e-flex e-con e-child\" data-id=\"f6ec2e\" data-element_type=\"container\" data-e-type=\"container\" id=\"#download-pdf\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-430bfe67 elementor-widget elementor-widget-heading\" data-id=\"430bfe67\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Download the Civil Transaction Law Overview (PDF)\n<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6361ad07 elementor-widget elementor-widget-heading\" data-id=\"6361ad07\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Overview of KSA Civil Transaction Law\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11be0439 elementor-widget elementor-widget-heading\" data-id=\"11be0439\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Submit the form below to access the PDF guide\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6aa9ce11 elementor-button-align-end elementor-widget elementor-widget-form\" data-id=\"6aa9ce11\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"New Form\" aria-label=\"New Form\">\r\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"5425\"\/>\r\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"6aa9ce11\"\/>\r\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"Insights AlGhazzawi &amp; 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[&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2037,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-2036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-regulations"],"acf":[],"_links":{"self":[{"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/posts\/2036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/comments?post=2036"}],"version-history":[{"count":0,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/posts\/2036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/media\/2037"}],"wp:attachment":[{"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/media?parent=2036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/categories?post=2036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/tags?post=2036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}